Bill O’Reilly to Exit Fox News With Payout of About $25 Million

Network parted ways with host in wake of sexual-harassment scandal

Bill O’Reilly will exit Fox News with a severance package valued at about $25 million, a person familiar with the matter said, after he was forced out in the wake of sexual-harassment allegations.

“The O’Reilly Factor” host had recently signed a four-year deal at Fox News valued at $100 million, people with knowledge of the contract said. That contract also contained provisions allowing Fox News and parent company 21st Century Fox to pull the plug on Mr. O’Reilly should he become ensnared in any controversies, these people...

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